Equities Research Analysts’ downgrades for Wednesday, September 6th:
Banco De Chile (NYSE:BCH) was downgraded by analysts at J P Morgan Chase & Co from an overweight rating to a neutral rating.
Caixabank (NASDAQ:CAIXY) was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a buy rating to a neutral rating.
Rockwell Collins (NYSE:COL) was downgraded by analysts at Canaccord Genuity from a buy rating to a hold rating.
Rockwell Collins (NYSE:COL) was downgraded by analysts at Drexel Hamilton from a buy rating to a hold rating.
Hewlett Packard Enterprise (NYSE:HPE) was downgraded by analysts at Bank of America Corporation from a neutral rating to an underperform rating.
Mallinckrodt PLC (NYSE:MNK) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating. They currently have $40.00 target price on the stock, down from their previous target price of $65.00.
Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a sell rating. According to Zacks, “Reckitt Benckiser Group Plc engages in manufacturing and distributing household, toiletry, pharmaceutical and food products. The company offers antiseptic liquids, depilatory products, medicated sore throat products, condoms, cold/flu products, acne treatment products, analgesics and upper gastro-intestinal products, foot care and comfort footwear products, denture care and dry skin care products, fabric care products, surface care products and polishes/waxes. Reckitt Benckiser Group is based in Slough, the United Kingdom. “
SCYNEXIS (NASDAQ:SCYX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “SCYNEXIS, Inc. is a pharmaceutical company. It is engaged in the discovery, development, and commercialization of anti-infectives to address unmet therapeutic needs. The Company is developing its lead product candidate, SCY-078, as an oral and intravenous (IV) drug for the treatment of serious and life-threatening invasive fungal infections in humans. It also provides contract research and development services. SCYNEXIS, Inc. is headquartered in Durham, North Carolina. “
Shimizu Corp (NASDAQ:SHMUY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shimizu Corporation lines of business consist of construction, architecture, engineering and property services. Shimizu Corporation is headquartered in Tokyo, Japan. “
Steven Madden (NASDAQ:SHOO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Steven Madden, Ltd. designs, sources, markets and sells fashion-forward footwear brands for women, men and children. They distribute products through their retail stores, their e-commerce websites, catalogs and department and specialty store “
Summit Therapeutics PLC (NASDAQ:SMMT) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Summit Therapeutics PLC is engaged in the discovery and development of drug to treat the fatal muscle wasting disease Duchenne Muscular Dystrophy and infections caused by the bacteria C. difficile. Summit Therapeutics PLC is headquartered in Abingdon, the United Kingdom. “
Senior Housing Properties Trust (NYSE:SNH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Senior Housing Properties Trust is a Maryland real estate investment trust that invests in senior housing income producing real estate, including senior apartments and assisted living, congregate care and nursing home properties. Senior apartments are marketed to residents who are generally capable of caring for themselves. Residence is generally restricted on the basis of age. Purpose built properties may have special function rooms, concierge services, high levels of security and centralized call buttons for emergency use. “
Soco International (NASDAQ:SOCLF) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SOCO International plc is an oil and gas exploration and production company. Its properties located in Vietnam, the Republic of Congo, the Democratic Republic of Congo and Angola. SOCO International plc is headquartered in London, the United Kingdom. “
Sensata Technologies Holding N.V. (NYSE:ST) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “
TIER REIT (OTCMKTS:TIER) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Tier REIT Inc. is a real estate investment trust which focused on commercial office real estate. It operates primarily in Atlanta, Georgia, Chicago, Illinois, Louisville and Kentucky. Tier REIT Inc. is based in Dallas, Texas. “
Teekay Corporation (NYSE:TK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Teekay Shipping Corporation is a leading provider of international crude oil and petroleum product transportation services through the world’s largest fleet of medium size oil tankers. The Company’s modern fleet provides such transportation services to major oil companies, major oil traders and government agencies, principally in the region spanning from the Red Sea to the U.S. West Coast. “
Tempur Sealy International (NYSE:TPX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “
United Technologies Corporation (NYSE:UTX) was downgraded by analysts at Cowen and Company from an outperform rating to a market perform rating. They currently have $120.00 price target on the stock, down from their previous price target of $127.00.
